Online Stock Trading Tips and Market Updates

Key barometers ended with modest gains after a fairly range bound session on Wednesday. The Nifty managed to close above the 12,100 mark. Recovery in global stock markets boosted sentiment. However, gains were capped ahead of January F&O expiry on Thursday and the Union Budget on Saturday.

Tata Motors, Bajaj Finance, Bharti Infratel, Nestle and Bajaj Finserv were among major gainers on the Nifty, while losers were Eicher Motors, TCS, Yes Bank, Dr Reddy’s Labs and HDFC.

Global Markets

The chief executive of Robert Bosch, the world’s biggest auto components supplier, warned that coronavirus could impact its global supply chain, which is heavily dependent on China. European stock markets headed higher helped by a strong close on Wall Street overnight, and some better-than-expected earnings and economic data both in Europe and stateside. The Euro Stoxx 50 index rose 8 points, or 0.2%.

Stock Snippets

Tata Consultancy Services has strengthened and expanded its strategic partnership with ABN AMRO to help the latter build a new, scalable technology core that will increase its innovation velocity and support its digital ambitions.

Alembic Pharmaceuticals has received final approvals from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Applications (ANDAs) Azithromycin Tablets USP, 250 mg and 500 mg.

Infosys completed the divestment of its shares in Unsilo A/S for a total consideration of approximately USD 0.8 million.

Dr Reddy’s informed the exchanges today that the audit of the company’s API manufacturing plant at Srikakulam, Andhra Pradesh (CTO VI), by the USFDA, has been completed on January 28, 2020. Further, the company informed that it has been issued a Form 483 with 5 (five) observations.

Global Markets

Japan stocks were higher after the close on Wednesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors led shares higher. The Nikkei 225 added 0.71%.

Chinese stock futures in Singapore rebounded from two days of losses to rise 1.79%, the biggest gain in almost seven weeks.

Australia stocks were higher after the close on Wednesday, as gains in the IT, Healthcare and Industrials sectors led shares higher. The S&P/ASX 200 gained 0.53%